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Cable-recovery regains 200SMA, outlook remains mixed

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD The Euro is regaining traction and rallies above 1.14 barrier, after yesterday’s brief probe above and subsequent consolidation. Bullishly aligned technicals support fresh extension higher and test of 1.1458, 17 Sep peak and 1.1473, Fibonacci 61.8% of 1.1712/1.1086, break of which to trigger further acceleration higher. Session low at 1.1372, offers initial support, with extended dips to be contained at 1.1340 zone, broken bull-channel resistance / higher low of 13 Oct. Res: 1.1458;

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